We are Refractory manufacturing company in orissa.

As we avail ITC from VAT purchase.

We sale our product within the state, CST sale and Export sale. Our 60% sale is CST and Export.

My query is how we will adjust ITC for paying the Tax. Is it fist we adjust the VAT payable, after that if the ITC is left then we can adjust with CST payable. or In a proportionate basis, Please guide us in which way, we will adjust the ITC under Orissa VAT rule.

If I purchase a car ( In Mumbai ) , I will pay Vat @12.5% . But I do not get any Setoff on that . Now if I sell the same car within a month , then once again I have to charge Vat @ 12.5%.
Then even if I sell the car for the same amount ( Price) at which I purchased , I will be loosing Vat amount.
Whether My understaning is coorect or is therte any provision for not charging vat when i sell the car with in a month ?

Please advice me

As per the rules, we are required to file a yearly consolidated return of VAT by 30th june 2009. the company filed the annual return for the year 2008-09 by december 2009. there was an increase in the vat credit. i want to take effect of it in the year 2009-10. what should be the accounting treatment for the same. how should the journal entry be passed to include the increased vat amount in my books?

Dear Sir,

We are doing business of property deveolpers, whenever we purchase the steel, hardware items within state, we are deducting VAT TDS,

Now if we purchase the material from interstate TDS is applicable or not ? we are purchasing material against C form.

Rgds/Hiremath

software development co vat 4%is applicatble for annual technical support or annual maintenance contract on the original software was supplied by us

Sir/Mam,

Pl send the rate chart of DELHI VAT...

KINDLY SEND IT ON delhi009@yahoo.co.in or amitkmsl@gmail.com

PLZ SEND IT ASAP

THANKS IN ADVANCE

Regards,
Amit Kumar
delhi009@yahoo.co.in

A compnay is a supplier of power generation products, which it purchases from foreign countries & sales it to domestic customers. they were not charging VAT on sale. So can any one explain (with circular/Notification)that whether VAT is applicable or not for sale of power generation products. Will there be any change in VAT applicability if such sale is of its accessories.

Dear Sir,

Just We are Purchase IT Software Ex.Office standard 2007,Window Server Cal 2008,windpro 7.vender bill raise service tax & Vat Claim in Bill so i am confiuse,i am pay service tax or vat .

TDS applicable this invoice

pl solve the quarry

regards
Shailesh satvara

vat was deducted on consultancy work from agency in GOA state wrongly and deposited. The agency was given Vat certificate for f.y 2009-10. But the agency asking for refund from the company as they dont have vat registration being consultancy.How the agency could get refund from the sales tax dept based on certificate issued ? please reply.

whether vat is to be deducted on consultancy payment please?